JP Morgan Chase Asset Management just bought 902,000 square feet in China Basin Landing for $415 million late December 2011. This is more than double the space Salesforce.com bought for $340M who held the record of highest stakeholder in Mission Bay. The earlier investment by UCSF who spent This beats the $340M by Salesforce. California Public Employees’ Retirement System (CalPERS), the seller of the property of predominantly office spaces bought it in 2005 for $260 million. It appears they came out ahead in Mission Bay despite buying at the peak of the housing market.
Drop Box, SF’s fast-growing cloud storage company and Gree, a Japanese social gaming company will soon find their office space in China Basin/Mission Bay.
Mission Bay is the most actively developed neighborhood in San Francisco and rapidly becoming its hub for bio & tech companies.
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